Markets
AXIS and Stone Point Credit Launch Monarch Point Re, Raising Over $400M of Capital
AXIS Capital Holdings Ltd., together with its direct and indirect subsidiaries and branches, announced that it has partnered with Stone Point Credit Adviser LLC to launch Monarch Point Re, a newly ...
Class Action Against USAA; Failure to Pay Lessees Residual Value of Totaled Cars Alleged
A recently filed class action lawsuit in a California District Court accuses USAA General Indemnity Company of deceptive and unfair practice for failing to pay insureds the amount owed after leased ...
Workers Compensation: Waning Benefits From Decreasing Opioid Rxs
Workers compensation has been a profit juggernaut for the property/casualty insurance industry over the past several years. Underwriting profits from the workers comp line have accounted for the ...
The Legal Tensions of Collaboration and Competition in the Life Sciences Industry
Moderna's suit against Pfizer and partner BioNtech over alleged COVID-vaccine-related patent infringement — and the targets' countersuit — might suggest an abrupt return to business as usual ...
Outlook on State Farm A++ Rating Now Negative: AM Best
AM Best revised the outlooks of the A++ financial strength rating and aa+ long-term issuer credit ratings of State Farm Mutual Automobile Insurance Company (State Farm Mutual) and two affiliates, the ...
Calif. Commish Calls for Biggest Reform Since Prop 103; Planned Fixes Detailed
California Insurance Commissioner Ricardo Lara announced a package of sweeping executive actions that include changes to the FAIR Plan, new rules for the review of climate catastrophe models, and ...
Breaking: California to Offer Insurers More Leeway to Set Rates for Fire Risk
California's insurance commissioner announced a new regulatory plan on Thursday that would allow insurers to factor future climate risks into their pricing and require them to offer more coverage in ...
Level 5—Full Self-Driving Vehicles—’Will Never Exist,’ Researcher Says
When you're driving your car, do you ever look through the rear window to make sure there's nothing behind it in harm's way? Now that many cars are equipped with backup cameras, looking back is a ...